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Coal India surges 5%, trades near 52-week high on price hike report

In the past one week, Coal India has outperformed the market by gaining 13 per cent

Close to 87 Gw of power generation capacity has coal stock less than 8 days, and 17 Gw cap­acity has less than one day of coal stock.
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Close to 87 Gw of power generation capacity has coal stock less than 8 days, and 17 Gw cap­acity has less than one day of coal stock.

SI Reporter Mumbai
Shares of Coal India gained 5 per cent at Rs 161.90 on the BSE in the intra-day trade on Wednesday, having gained 9 per cent in the past three trading days, on report that the company might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased costs and an impending wage revision.

The stock of the state-owned coal mining company was trading close to its 52-week high level of Rs 164.90, touched on June 11, 2021.

In the past one week, Coal India has outperformed the market by gaining